- Westlake Chemical Partners stands out on the list for Master Limited Partnerships with their rare combination of attributes.
- A combination of a high 9% distribution yield, strong coverage, resilient cash flow performance, very low leverage and strong liquidity is extremely rare and very desirable.
- Even though they could realistically afford a return to distribution growth, management appears to be waiting for units to better reflect their current fundamentals.
- They have also indicated a willingness to pursue growth via acquisitions and organic capital expenditure, which thankfully their financial position can easily handle.
- Given their continued strong performance, I believe that once again maintaining my bullish rating is appropriate.
For further details see:
Westlake Chemical Partners: Premier High-Yielder Right Now, Maybe More One Day